Reply #3: We need to extend them for a few years till we are out of this recession.

[dkf]

It's a sad fact but they do a chunk of the spending in this country, I think I read it may be 30% of individual consumption. Their spending brought us out of the recession and can put us back in it and if you think it is bad now then imagine how bad it could be.

We should do a deal with the repubs to extend all the cuts for 1 or 2 years then keep just the $250k or under. But really eventually everyones taxes will need to go up because we could tax the $250k plus earners 100% in addition to current taxes and we would still be in deficit.